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Wondering what’s up with the 2020 Great American Beer Festival? Apparently, the party is on.
To be clear, the party is online.
Attracting more than 7,000 different beers from over 900 of the nation’s finest breweries, the Great American Beer Festival (GABF) in Denver, Colorado, is the most prestigious and top public U.S. beer festival and competition.
Like so many other major events in 2020, amid coronavirus concerns, this year’s festival and competition will go virtual. Originally scheduled for Sept. 24-26 at the Colorado Convention Center in Denver, the event will pivot to an immersive online experience Oct. 16-17.
This decision was finalized in May, when Colorado Gov. Jared Polis issued an executive order temporarily suspending certain statutes to allow the operation of alternate sites in Colorado — due to the pandemic — rendering GABF at the Colorado Convention Center impossible.
“While we are disappointed to not be gathering in Denver this fall for the craft beer community’s annual big tent event, the health and safety of our attendees, brewers, volunteers, judges, and employees is and always has been our top priority,” said Bob Pease, president and CEO of the Brewers Association in a news release. “As the world is still greatly affected by the spread of COVID-19 and will continue to be affected for the foreseeable future, we must stay true to our priorities and pursue other ways to host GABF.”
In recent years, Lehigh Valley brewers have fared well at the GABF competition:
2018: Easton’s Two Rivers Brewing earned a bronze medal with its “Bangor Slate Baltic Porter.”
2017: Bonn Place Brewery, Bethlehem won silver for “Mooey” ordinary or special bitter and bronze for “Nemo” English-style mild ale.
Weyerbacher Brewing, Easton won bronze for “Riserva” fruited wood and barrel-aged sour ale
2016: Two RIvers Brewery won gold in the specialty saison category for its “Six Finger Sam Saison.”
2014: Fegley’s Brew Works’ “Arctic Alchemy” — a beverage rich in history as well as flavor — took home a gold medal in the Old Ale or Strong Ale category.
While the 39th Great American Beer Festival may look quite different this year, beer lovers from all 50 states will still have the opportunity to connect (in new ways) to celebrate the craft beer community. The festival’s spirit will carry on through live and virtual experiences with hop heads and breweries nationwide on Oct. 16-17. Though the event is still in the planning stages, the encounters will likely include tastings (naturally), chats with brewers, demonstrations and at-home beer and food pairing ideas.
The festival’s renowned professional beer competition will go on as planned. A panel of more than 100 professional judges will assess the more than 7,000 expected entries to identify the three beers that best represent each style category. The GABF’s gold, silver, and bronze medals are recognized around the world as symbols of brewing excellence.
“We are thankful to be able to move forward with this year’s competition and have the opportunity to award brewers’ achievements and generate consumer awareness for beer styles and trends,” added Pease. “We look forward to celebrating the annual accomplishments in brewing excellence and unveiling this year’s winners.”
GABF Virtual Festival Lineup
Thursday, Oct. 1 - Sunday, Oct. 4: GABF Competition Judging
Friday, Oct. 16 at 7 p.m.: GABF Competition Awards Ceremony
Friday, Oct. 16 – Saturday, Oct. 17: Virtual Great American Beer Festival Finale
GABF passports may be purchased for $20 and in addition to the online content, including access to brewery deals between Oct. 1-18 at 1,000+ breweries from all 50 states.
Educational sessions: GABF’s online programming will feature nine, 30-minute sessions with some of the best known and rising stars in brewing. The sessions will cover topics including tips and tricks to enhance beer knowledge and enjoyment; lager lore and sudsy stories from craft beer luminaries; profiles of breweries and individuals that are transforming their communities one beer at a time; and flavor fusions through beer and food pairings to tantalize the taste buds.
Passport holder programs: Airing Oct. 16-17 via GABF partner The Brewing Network, the online content will be available exclusively to GABF passport holders. The virtual festivities kick off on Friday, Oct. 16 at 7 p.m. with the Great American Beer Festival awards ceremony, then shift to exclusive passport holder content beginning at 9 p.m. Saturday’s programming begins at 7:45 p.m. and runs through 11:30 p.m. Sponsor breaks between sessions will include extra beery content and outtakes, trivia, and prize giveaways.
Tasting tip sheets: Virtual GABF passport holders will also be able to download tasting tip sheets prior to each session so you can make a list of beers, beer styles and food in advance — then sip and snack along during the program.
Guest speakers include Natalie and Vinnie Cilurzo (Russian River Brewing Company), Garrett Oliver (Brooklyn Brewery), Gina Marsaglia (Pizza Port) and Tomme Arthur (The Lost Abby), Matt Meadows (New Belgium Brewing Company), Chef Danny Lee (Mandu and CHIKO), Marcus Baskerville (Weathered Souls Brewing Company), Jose D. Beteta, Tamil Maldonado Vega, and Martín D. Vargas (Raíces Brewing Co); among others.
Virtual programming concludes Saturday, Oct. 17 at 10:45 p.m. with Sierra Nevada’s founder Ken Grossman and Terrance Sullivan in a Celebration toast to GABF, the coming holidays, and all things beer.
For more info, visit greatamericanbeerfestival.com
Morning Call Arts & Entertainment Editor Craig Larimer can be reached at 610-778-7993 or at firstname.lastname@example.org
Follow Craig on Twitter @cklarimer
Read more stories by Craig Larimer here.


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A New York City councilman is introducing a bill which would “… limit any meal that comes with a toy to under 500 calories”. The hope is that fast food chains will begin offering healthier meal options to their pint sized clientele.
- McDonald’s on a 50,000-job hiring spree (msnbc.msn.com)
- Overweight councilman wants fast food toy ban (nydailynews.com)
- Fast Food That’s Not Fat Food (fyiliving.com)
- Breaking: McDonald’s Opening “McFarmers Markets” in 1000 Locations (fooducate.com)

domain: news


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Expect some changes to the produce and meat aisles of your favorite grocer. Look for a variety of country names reminiscent of a geography exam: Fresh garlic from China, bananas from Ecuador and steak from Canada.
As of Sept. 30, large retailers must let you know not only what you're eating, but where it came from.
The change, six years in the making, came after Congress passed the law, known as COOL, requiring country of origin labeling for meats, fish and produce as part of the 2002 Farm Bill. Seafood and shellfish labeling went into effect in 2005 and on Sept. 30, produce, peanuts, ginseng and some meats were thrown into the mix.
"There have been too many things going on with products from China, and that might be a prejudiced statement, but I don't think I want anything from there," said Wal-Mart shopper Allana Smith, referring to recent tainted food outbreaks. Smith said that she prefers to buy American goods, and labeling helps her do that.
Shoppers can now actively choose between homegrown and foreign products. And the U.S. Department of Agriculture can better track products during food outbreaks. But the law doesn't cover all retailers or all food, making the origin of many processed and packaged foods, such as cheeses and sauces, still a mystery to customers.
Among meats, only beef, goat, chicken, lamb and pork require origin labeling. But if the meat has been cooked, roasted, cured, smoked or breaded no country of origin label is required. Roasted peanuts, too, get no label, while raw peanuts and macadamia nuts do. Mixed produce, like pineapple and cantaloupe in a fruit cup, doesn't have to be labeled. And some meats can be labeled as coming from multiple countries.
At the Wal-Mart on West Broadway, the underside of a Genuine Steak House brand sirloin petite steak package read "product of USA, Canada, Mexico."
"It's very misleading and confusing and unnecessarily so," said Jean Halloran, the director of food policy initiatives at Consumers Union, the advocacy group that publishes Consumer Reports. She said that if at an American meat plant Canadian cows are processed along with American cows, then the meat company can label all the beef processed that day as products of Canada and the U.S. even if only one Canadian cow was processed.
"There is no reason why they can't keep track of all their production from a particular place and if that means they have to do the American cows on Monday and the Canadian cows on Tuesday in order to keep track then they should do that," Halloran said.
She described the exceptions to the labeling rule as legal loopholes that don't help consumers. She added that the Consumers Union supports a plan to have all food products labeled by origin and to have all stores included under the law.
As of now, retailers that sell more than $230,000 in perishable goods a year must identify country of origin. Billy Cox, a spokesman for the Department of Agriculture, said the law excludes smaller grocers because the cost of labeling and maintaining records could be a burden. To meet the requirements of the regulation after next year, the nation's large grocers as a whole can expect to pay a total of $247 million yearly, he said.
Robert Potter, produce manager at the Hy-Vee on Broadway, could not comment on the store's incurred costs, but did say that all the produce had been labeled. A visit to the store found the majority of origin stickers on signs next to prices, but some were overlooked, like the papayas and flowering kale. Some chicken, too, lacked labels.
At the Wal-Mart on West Broadway, produce price signs included origin labels, but employees missed some: the fresh green beans, tomatillos, Roma tomatoes and sweet "A" side red potatoes. USA labels accompanied most of the produce at both stores.
Although the ruling went into effect Sept. 30, customers shouldn't expect to see food consistently labeled or labeled at all. Stores have six months to comply, after which time they can rack up fines of up to $1,000 per offense, Cox said.
"I guarantee in six months we'll have all the kinks worked out and the consumer will know where everything is from," Hy-Vee perishables manager Matt Rohe said. "We are about in full compliance."
The benefits of origin labeling are two-fold: customers can shop smarter and farmers can get credit for their work, said Amy Meyer, executive director of the Missouri Farmers Union.
"It does create an opportunity for those producers , a marketing opportunity. And I also just believe our producers, Missouri farmers and ranchers, are very proud of what they do and they want people to know that (the product) came from the United States and it's high quality," she said.
Hy-Vee shopper Jennifer Moran said she'd prefer labels that specify states of origin. To reduce her carbon footprint, she'd buy Missouri produce before California produce, and U.S. produce over imported produce.
"I'm willing to pay more for stuff that's local and from the U.S.," Moran said.
Ronald Plain, MU professor of agricultural economics, disagrees with mandated country of origin labeling.
"I don't think it's very important," he said. "The safety standards, the quality standards are the same no matter which country it comes from if it's being sold in the U.S."
He said foreign food products are inspected in the U.S. just as domestic food products are inspected. But he said origin labeling does broaden consumers' choices.
"Periodically, there are food contamination issues in places of the world and this gives me information that when I read about a food problem in country 'X' that I might want to avoid buying food from that country for a while," he said. "But of course, we also had food contamination issues in the United States. With this labeling it'll give me an opportunity to avoid U.S. food and buy Canadian for a while."


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Apple always throws big parties for its new iPhones, but which one was the best?
UpdatedWhen Apple killed the iPhone 4 in 2013, rumour has it that it muttered "I'll be back" - and it was right!
In DepthThe combination of pre-paid plans and AT&T's 4G network is a reality. The only thing left to do is pick the best smartphone possible.
UpdatedThe U.S. International Trade Commission surprises just about everybody with a sizeable blow to Apple.
The nation's Un-carrier is acting a little more like a regular contract carrier, raising the iPhone 5 price within $50 of its rivals.
BlipCustomers caught in the middle of Apple's 2010 iPhone 4 antenna and reception scandal are starting to see payouts arrive.
T-Mobile customers with unlocked iPhones will be able to take advantage of LTE speeds starting on April 5.
Apple's CEO has taken the criticisms from Chinese media to heart, and addressed the concerns in an open letter to the public.


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Street Fonts — Graffiti Alphabets Book
Compliled by Claudia Walde, a designer, writer and talented graffiti artist in her own right under the name MadC, Street Fonts — Graffiti Alphabets from Around the Worldhas seen her spend over two years collecting custom made alphabets created for the book by 154 artists. Hailing from thirty different countries, nearly all the artists invited have roots in graffiti and shared Claudia's vision of showing the many different styles of lettering within graffiti and street art cultures.
The book has gone on sale today and is available from most good booksellers or online directly from Amazon
Hookedblog is a Street Art News site established in 2005 as a place for us to document and showcase Street Art from London and beyond.
One of our favourite things is travelling to new cities and discovering some of the lesser know parts of these destinations as we wonder t...
Madrid based artist Okuda San Miguel (Previously on Hookedblog) touched down in London earlier this week ahead of his new solo show at Ea...
Over the last year the East London neighbourhood of Walthamstow has become a regular destination for us as a result of the work of local ...
Those of you who found yourselves wandering around the Brick Lane and Shoreditch neighbourhoods over the weekend may have noticed some v...
It's been several months since we last saw something new on the East London streets from artist Shok-1. The artist’s work has been po...


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Unilever is upping investment in its marketing people as it looks to ensure it has the “right people with the right capabilities” to manage campaigns in real-time.
Good morning and welcome to Marketing Week’s round-up of the news that matters in the marketing world today.
With a focus on #pressforprogress, brands are moving beyond simply supporting women to push for real societal and business change.
TUI is looking to build confidence as the travel sector begins to reopen with a multi-million pound campaign aimed at inspiring holiday nostalgia.
At the end of every week I look at the key stories, offering my view on what they mean for you and the industry. From the squeeze on marketing roles to the question of loyalty, it’s been a busy week.
Ahead of the new season kicking off on Sunday, the sport’s marketing boss Ellie Norman discusses racing, racism and responsibility.
From the Facebook ad boycott to the top 100 brands, catch up on all this week’s biggest marketing news.


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One thing apparent at Computex this week is that computer makers really aren't sure what consumers want in a PC, and they're throwing everything at the wall to see what sticks.
There might never have been such a wide variety of computer styles on display as there are here in Taipei. Many use Microsoft's upcoming Windows 8 OS, or the Windows RT version for ARM-based processors. Others run Google's Android software, though that OS has been less visible this year than last.
There are laptops with screens that twist and fold in every direction, some with touch-screens and some without. There are 7-inch tablets and 10-inch tablets, and tablets that come with attachable keyboards and others that don't. The line between a tablet and a laptop has almost ceased to exist.
There's an all-in-one PC with a large monitor that can be unclipped and carried like a giant tablet, and other monitors that can be turned on their side in portrait mode. There's a smartphone that snaps into a tablet that snaps into a keyboard, turning the whole thing into a laptop.
The products are made possible by better, cheaper components, by the new touch interface in Windows 8 and by Intel's ultrabook formula. But they're also driven by a sense of urgency among PC makers, desperate for a hit product that can outrun the iPad and revive their fortunes.
"We were expecting to see a lot of experimentation at the show and we got it," said IDC analyst Brian Ma. It's probably good for consumers, who get to vote with their wallets to decide the winners. But many designs will surely fail or be relegated to niche markets. Charles Darwin would be impressed.
One of the more inventive companies is Asustek Computer, which popularized the netbook a few years ago. Asus Chairman and impresario Jonney Shih had more surprises at a news conference Monday. One was the Taichi, which looks like a standard Windows notebook, except that when the lid is closed the outside can act as a second, touch-screen display, so the device becomes a tablet.
It's not bulky, either; Asus says the Taichi is as light as its Zenbook. And when the lid is open, the inner laptop screen and the outer tablet screen can be used simultaneously, so people sitting opposite each other can both view what's on the display. It could be useful for presentations and sales pitches, or it might not be useful at all: Time will tell.
Also unusual was Asus's Transformer AiO, which looks like a normal, all-in-one PC but has detachable, 18.4-inch touch-screen that can be used as a wireless display. More unusual, at the push of a button the display can switch from Windows 8 to Android, becoming "the world's biggest tablet," as Shih put it, carting it across the stage under his arm. Unfortunately, the screen froze during his demo and he had to move on.
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#XiaomiMi6 #GalaxyS8 – Xiaomi Mi 6 to beat Galaxy S8, LG G6, HTC 11 by releasing earlier with Snapdragon 835 : Rumors have it that the Xiaomi Mi 6 will be the first Snapdragon 835 powered Chinese smartphone to release in the market.
The upcoming flagships such as the Samsung Galaxy S8, LG G6 and HTC 11 are all pegged to come loaded with Qualcomm Snapdragon 835 SoC. In the recent past, there have been rumors that Asus will be unleashing a Snapdragon 835 chipset smartphone at CES (Consumer Electronics Show) 2017.
When it comes to Chinese brands, none of the major Chinese smartphone companies are expected to launch a SD 835 smartphone soon. However, an industry insider from China has revealed that the Xiaomi Mi 6 will be the first Chinese smartphone to come powered with SD 835 SoC, Gizmo China reported.
Samsung is the manufacturing partner for Qualcomm’s Snapdragon 835 SoC. Well-known Chinese leakster has said that the production of the next generation is slow and this has prompted many of the smartphone companies to push the release of their flagship phones to a later date.
Samsung is rumored to have pushed the Galaxy S8 release date to April. However, the leakster has claimed that Xiaomi is facing no problem in receiving the stock of the SD 835. Hence, the Xiaomi Mi 5 is slated for an announcement at the MWC (Mobile World Congress) 2017 event.
The rumor mill has not revealed many details on the specifications of Xiaomi Mi 6. Leaked photos of an unknown Xiaomi device that is dubbed as Mi 6 hints that the smartphone would be looking like a smaller edition of Xiaomi Mi Note 2.
Even though leaked photos do not show dual-lens rear camera and dual-edge curved display, early Xiaomi Mi 6 rumors have hinted that these features would be arriving on the flagship.
Xiaomi had launched the Mi Mix concept smartphone in December in black color. Since it has teased that it will be launching a product at CES 2017, speculations are rife that the Xiaomi Mi Mix will be unveiled to the world in white color. The Mi Mix is also rumored to be the first smartphone to come loaded with Android 7.0 Nougat enabled MIUI, GSM Arena reported.
Source : Yibada


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LG leaves a void as it exits the smartphone business
LG’s departure from the smartphone business felt inevitable at the weeks resulting in it as rumors mounted. ) Once it was finally affirmed, Avi Greengart,” a long-time consumer technology leader and analyst of Techsponential, detected a tendency toward nostalgia at the responses to the news.
“I am not becoming a large amount of folks saying’just what am I going to do to restore my own LG G8X ThinQ? )’ I am becoming’Aw, my very first phone was LG reverse phone, also it was permanent and reliable and that I adored it. ”’
When somebody who spent a long time masking the camera market, it’s a very close moment for me personally. We all know the lack in the brand which gave us first reverse phone or our very first camera a tweet and a busted heart emoji. But frankly, we proceeded on long past, as did many of the remainder of the mobile – or camera-buying populace.
Matters weren’t looking great for LG’s phone business at 20-16 if it introduced the modular G5, also the Valve’s collapse to shoot off perpetuated what might eventually become years of losses to get the cellphone branch. Back in 2020, the smartphone business documented an operational loss in approximately $750 million to the year; the company asserted to”closely examine the management of the business,” and people understand today how that ended up.
While many shoppers have proceeded on, there remain openings left the market when a Kodak or a LG packs it in. “That really is a void. Once they do leave, this will probably soon be a void,” says Ryan Reith, program vice president for IDC’s Mobile Device Tracker branch. He states during this past calendar year, LG still held near ten per cent marketshare in the US.
In particular, the company still needed a solid foothold in the prepaid apparatus business. Greengart does not think there’ll be no shortage of desire to snap that talk of the market. “your rivalry there’s barbarous. The actual question would be will US carriers encourage a brand new brand in — some one similar to Xiaomi are my long shot.” Even the provider’s Redmi and Poco line ups may be good applicants, together with a give attention to attracting high end features and strong performance to cheap handsets.
Greengart additionally notes OnePlus already has a ft the doorway in Metro from tmobile, the carrier’s prepaid sub-brand. Samsung has recently announced that it will sell just two of its cheapest A Series mobiles, the A02s and a-12, through prepaid brands such as Cricket and Metro that spring.
for the sub-$300 distance generally speaking, there isn’t any lack of brands able to pounce. “I’d say the two brands which are most likely going to accept that talk going to be Motorola and TCL,” Reith states. He notes Motorola is well-positioned to pickup LG’s Latin American clients, which has been recently about 30 per cent of its own cellular phone business. On a single device degree, you can find definite exemptions: among LG’s last best-selling apparatus is the Stylo 6, along with its own only rival, the Moto G Stylus, is very honestly a better mobile.
TCL has made it evident in the last handful of years which it’s excited to receive its own new apparatus into more consumers’ hands, also to the mobiles the company already produces different brands. Reith says he has”bullish” on the company’s prospects,” as longer US shoppers have gotten knowledgeable about the brandname by means of its own television business. If one thing is certain, it’s more than a number businesses have been at a good place to fill this void LG leaves behind. ) Since Greengart places it,”truly you will see many replacements; actually there are”
Though LG just had a small presence in the high market market, there is a gap left too — even when it’s largely representational. The couple apparatus the company still sold were a substitute for the two prominent brands in the US: Apple and Samsung. Notably considering the cheaper of entrance the S 21 show in 2013, those staying clients will probably be easily scooped up by the duopoly. “The sector is certainly caused by Apple and Samsung in the unitedstates,” says Greengart. “If it was focused earlier, it’s more focused now.”
Practically though, the economy had spoken. LG’s efforts at bold, strange layouts in the high distance never captured and spelled serious problem for the business. Reith points into the LG Wing as a good instance ) “To develop with a design such as this… it takes much money for R&D, that once you put out that and it simply sells tens of thousands of components — maybe not thousands and thousands, however tens of thousands of components — it’s a big, enormous loss,” he states.
LG’s superior devices may possibly have already been interesting and distinctive, however the economy talked, also the company’s mobile-phone departure became apparently inevitable. That is the way these things work, and a great number of businesses are prepared to swoop in and get at which LG left . But if you obey mobile technician closely or simply need a special area in your heart for the old reverse phone, lots people will take the chance to pause and discard a digital emoji rip.
Number leaves #void #exits #smartphone #business


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Online Ad Industry Titan Wenda Harris Millard to Kick Off Half Day Devoted to Helping Publishers Profit From the Latest Ad Technologies
NEW YORK, NY--(Marketwired - Sep 12, 2013) - From coping with today's trends of programmatic selling and audience marketplaces to meeting the challenges of tomorrow's even more complex online ad technologies, leading digital publishers like News Corp., Comcast, and AOL will reveal the secrets of their success to 200 digital publishing executives attending the annual Yieldex Executive Summit (YES), Sept. 25 at the Harvard Club. YES is co-sponsored by Yieldex, Operative and Krux.
Wenda Harris Millard, President and COO of MediaLink, will kick off the event. Millard, the recipient of numerous advertising and interactive media honors, has been co-CEO of Martha Stewart Living Omnimedia, Chief Sales Officer at Yahoo!, President of Ziff Davis Interactive, and an online ad industry pioneer as a founding executive and EVP with DoubleClick. Before that, she spent 20 years as a print publishing executive at Family Circle, New York, Adweek and other magazines. At YES, she will be interviewed by Mike Shields, Adweek's digital editor.
Other speakers discussing and debating the latest trends and emerging challenges in online advertising will include:
Specific session titles will include:
The Yieldex Executive Summit will be held at the Harvard Club, 35 W. 44 St., from 8:30 a.m. to noon. More information, including registration, is available at http://www.yieldexsummit.com
Yieldex created the first comprehensive, fully integrated revenue and inventory analytics platform for digital publishers. Yieldex's format-agnostic platform, YieldEdge, accurately forecasts, manages and prices inventory across all revenue channels. Digital publishers who use YieldEdge have stopped leaving money on the table because they no longer have to juggle multiple delivery platforms across channels and formats or untangle complicated, overlapping inventory. Leading media companies such as the Wall Street Journal, Scripps Networks Interactive, CBS Interactive, The Weather Channel and dozens of other publishers all use Yieldex to unlock the true value of their inventory. For more information, visit www.yieldex.com.
Founded in 2010, Krux delivers data fabric for the consumer web. The company's data management platform (DMP) helps our web sites protect, manage and monetize data across all digital screens and sources. With Krux, companies deliver cooler, safer, faster, smarter web experiences. With Krux, consumers gain confidence that their favorite web sites are operating under the plan light of day. Hundreds of web sites in the U.S., Europe and Asia have adopted Krux technology, including digital properties at NBC Universal, Sanoma, Meredith, Centro, Axel Springer, Forbes Media, Telegraph, Bloomberg, GateHouse Media, Financial Times and The Wall Street Journal Digital Network. Through its diverse community of clients and partners, Krux helps improve web experiences for more than 770 million Internet users worldwide. Krux is privately held, with offices in San Francisco, London, Sydney and New York City.
Operative Media, Inc. is the premier advertising business management company enabling media and advertising organizations to profitably run increasingly complex businesses with simplicity. Operative's next-generation, SaaS-based platform, Operative.One, and technology-enabled services help media industry leaders and their partners reduce transaction costs and boost advertising revenue by balancing operational efficiency with innovation. More than 200 industry leaders representing over 30 percent of digital advertising revenue -- including NBC Universal, Kelley Blue Book and Weather.com -- rely on Operative to provide the business processes and systems necessary to package, sell, traffic, manage, optimize and collect revenue on advertising products. For more information, visit www.operative.com.


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Chief Executive Liam Griffin ticks off the elements that make him confident about Irvine-based chipmaker Skyworks Solutions Inc.’s continued success—5G wireless technology, a broader customer base, plenty of cash and greater market share.
Taken together, they’ll help power the chipmaker (Nasdaq: SWKS) further out of the difficulties caused by the “horrific” coronavirus crisis.
“We have gained market share through this pandemic, as challenging as it’s been,” he told the Business Journal on Aug. 20. “The fundamentals of the company are solid. There’s plenty of room for us to continue to grow.”
It’s an optimistic view from the CEO of the semiconductor company—Orange County’s third-largest public company by market valuation—and a notable change in tune from earlier in the pandemic.
Almost six months ago, Skyworks cut its second-quarter revenue and earnings forecast as the COVID-19 crisis spread across the globe, and in mid-March its stock price fell to half of what it was last week.
Apple Inc. which provided 51% of Skyworks’ net revenue in fiscal 2019, had already warned of the negative impact on results from the coronavirus, because of its large manufacturing presence in China, where the pandemic began.
China represents a key market for Skyworks, though its manufacturing in Asia takes place in Japan and Singapore. Skyworks lists 559,000 square feet of “manufacturing and office space” in Mexico, and 391,000 square feet of manufacturing and office space in the U.S., among various facilities in the U.S., Canada and Asia, according to its latest annual report.
Managing a global workforce this year has been a challenge. “Operationally, it’s been difficult,” Griffin said.
“Early on in the pandemic there were some real issues around factory execution, and health and safety.”
Skyworks has not had any layoffs due to the pandemic.
5G’s First Inning
Griffin emphasizes the importance of developing super-fast 5G wireless communications and says the company has been investing for years in the new technology.
Skyworks develops semiconductors for mobile communications systems, where it sees major market opportunities.
“We’re in the first inning of the opportunity in 5G. It’s going to be a 5- to 10-year cycle,” said Griffin, who has been CEO since 2016.
The 5G leap, just as two examples, will let 50,000 people in a stadium stay connected simultaneously while the technology will also facilitate the “instantaneous response” needed for autonomous cars.
5G is designed to provide high-bandwidth connectivity that can be up to 100 times faster than 4G LTE connections in use these days.
Griffin, who is also the president of Skyworks, points out that the explosion in the use of video is also putting new demands on wireless systems.
“Video is an unbelievable consumer of data and bandwidth,” Griffin said, adding that the company also has GPS technology to track packages as one example.
“We’ve seen a broadening of our customer set. Our customer set is not just the five or 10 global smartphone players. We’re working with companies like Honeywell, Netgear, Amazon, Ring, and Peloton,” he said.
The company lists a broad array of uses for its semiconductors: aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
Effects of the coronavirus are still being felt on the company’s operations.
Just a little more than a month ago, a Forbes report predicted that the COVID-19 pandemic could curb Skyworks ambitions, noting “lower demand for computing and hardware devices across all markets, which means lower semiconductor demand, and hence lower demand for Skyworks Solutions’ products.”
Skyworks itself said in an SEC filing on July 23 that demand for its product was “negatively impacted” by COVID-19 while U.S. Commerce Department action on Huawei Technologies Co. of China also reduced demand—resulting in decreased revenue in the nine months ended on June 26.
Still, Skyworks reported net revenue of $736.8 million for the third quarter ended June 26, exceeding consensus estimates. The company said it expects revenue for the current three-month period will rise to between $830 million and $850 million, “driven by the strong demand for our market-leading solutions.”
Judging from the share price, Wall Street likes what it sees in Skyworks.
Its shares have risen about 18% since the start of the year and were trading around $142 apiece as of Aug. 25 giving the company a market cap of $23.7 billion.
By comparison, as the pandemic was raging on March 25, its shares were down to $85 apiece with a $14.5 billion market cap.
“Our profitability is strong. We’re over 50% gross margin,” Griffin said, who adds that Skyworks has a “really strong” balance sheet with $1.2 billion in cash.
The company is still growing; Skyworks’ website as of Aug. 26 listed nearly 70 job postings in the U.S. and Mexico, with most of them in engineering and operations.
Griffin said Skyworks complies with all the rules and regulations in its business dealings with China.
“There’s always going to be some trade turmoil and it’s been going on with China for a quite a while,” he adds. “We still do business with China, of course. They’re one of the most important markets.
“They have become less relevant now as some of the major players in the U.S. have gained.”
He said the major manufacturing sites for the core semiconductor technology are Newbury Park in Ventura County as well as its former headquarters of Woburn.
About four months ago, Skyworks officially moved its headquarters designation from Massachusetts to Irvine.
While the shift was largely on paper, it also reflects growing importance of the West Coast for the company that originated in the Boston area (see story, this page).
Like many companies, Griffin is overseeing the transition to more work-from-home and away from the office.
“It’s not a complete, full work-from-home,” he said. “It’s department-by-department and each individual can make their choice on what they want to do.”
“The stay-at-home, work-from-home, work-from-anywhere economy is probably going to stay with us, in fact could become bigger over time.”
Boston Accent For West Coast Skyworks
Skyworks Solutions Inc. Chief Executive Liam Griffin grew up in Brookline, Mass., not far from the Boston Red Sox famed Fenway Park.
His Boston accent comes back when he’s cheering for the New England Patriots in nearby Foxborough.
Yet the East Coast native moved the chipmaker’s headquarters from the Boston suburb of Woburn to Irvine—a shift that’s largely on paper, but also reflects the company’s center of gravity along the Pacific Coast.
“Our customers are very much centered around Silicon Valley, in Asia, which makes Southern California and Orange County very convenient,” Griffin told the Business Journal on Aug. 20.
“Over the last five years or 10 years, it became increasingly more relevant that our people, our customers, the engagement on the California side was much, much, much stronger,” Griffin said.
He added that he and his family “moved out here about eight or nine years ago” while the movement of employees has already occurred over time.
Griffin was named CEO of the company in 2016, and has been with the company since 2001, when he served as head of sales and marketing.
“The headquarters were de facto Irvine but we had not made an official call. We just hadn’t really put the flag down,” he said.
Griffin, who is also company president, praises Orange County’s work balance, great community and “awesome” talent pool.
Skyworks signaled the shift in a report to the Securities and Exchange Commission on May 8, when the company listed 5260 California Ave. in Irvine as the “address of principal executive offices” whereas it had previously been in suburban Boston.
It leases about 219,000 square feet of design center and office space in Irvine’ UCI Research Park, according to the company latest annual report. That’s nearly double its local presence from a few years ago; it has snapped up some space at the office park previously used by fellow chipmaker Broadcom.
He emphasized the continuing presence on the East Coast. It has 158,000 square feet of manufacturing and office space in Wooburn.


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Read today’s dose of chic intel right here…
Former President of The Row Sues Ashley and Mary-Kate Olsen (WWD)
In October, David Schulte stepped down as president of The Row after three years with the company. At the time, the reason for his departure was not disclosed. But something was obviously amiss, as Schulte just filed a lawsuit not only against the brand, but against the Olsen sisters themselves and their company, Dualstar Entertainment. The basis for the lawsuit is still unknown, as it has been put under seal.
House of Holland Goes Into Administration (The Guardian)
House of Holland, the British fashion brand founded by Henry Holland, has gone into administration — the UK version of bankruptcy. Holland himself stepped down as creative director of the brand in early February. Administrators are now looking to secure a new investment in order to “protect the future of the brand.”
Virgil Abloh Revises His “Streetwear Is Dead” Comment (Vogue Runway)
In December, Virgil Abloh surprised fans when he opined that streetwear will die in the next decade. Now, as he promotes a collaboration between Louis Vuitton and Japanese streetwear designer Nigo, Abloh is clarifying his statement. “I didn’t say it to be polarizing,” he explained to Vogue. “If you speak to anyone that’s been in streetwear for the last 15 years, it’s always had this sort of nine lives… There’s so many first-generation streetwear brands, stores, and retailers. The market wasn’t as vibrant as it is now, so they went out of business and people don’t remember those. Nigo has had projects before; he’s had many a brand, many identities within streetwear. Partially what I meant that “it will die” is that new things like tailoring from guys like Nigo and me will be born from the regeneration of it.”
Coronavirus Be Damned! The Met Gala Will Go on as Scheduled (The Cut)
On with the (red carpet) show! The Met has confirmed that it has no intention of cancelling its annual fashion Gala amid the coronavirus outbreak. “We are proceeding as planned and look forward to a wonderful evening,” said Nancy Chilton, the chief external relations officer of the Costume Institute. “We will of course continue to keep a close eye on the situation.” The Met Gala, which supports the Costume Institute’s new exhibit, About Time: Fashion and Duration, will take place May 4.


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Vietnam is forecast to have a surplus of cement at 30 -35Mt by 2020 if the current production capacity and development impetus are maintained, said the Vietnam Cement Industry Corporation (Vicem).
An addition 18 cement projects with combined capacity of 20.47Mt are slated for operation this year, including 10 of the Vicem with nearly 11Mt, said Nguyen Ngoc Anh, General Director of the corporation.
By 2020, Vietnam’s cement output will reach 115Mt, thus finding export markets for the product is a difficult task for Vicem and other producers, said the general director.
Cement export needs to be considered carefully due to high transportation cost, said Mr Anh, noting that no countries in the world produce cement for export and they only export cement as their cement reserve is in surplus.
Ha Tien Cement Joint Stock Co shipped over 160,000t of cement to Cambodia in Jan 2009, and Cam Pha Cement Joint Stock Company, a subsidiary of the listed Vietnam Import-export and Construction Corporation (Vinaconex), exported its first batch of 12,500t cement to Mozambique Mar 25.
Hoang Mai cement maker also plans to export its products to Africa, Middle East and some other nations in the future.
Source: Vietnam News Brief Service


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If you’re thirsty for potential double-digit returns, you might want to consider investing in National Beverage (NYSE:FIZZ).
The U.S. holding company operates several subsidiaries that manufacture, market and distribute a wide range of nonalcoholic drinks under the Shasta, Faygo, LaCroix and Everfresh brands.
Despite strong competition in the soft drink industry — from rivals like Coca-Cola (NYSE:KO) and PepsiCo (NYSE:PEP) — National Beverage has achieved success by offering lower-priced soda pop, juice and water alternatives.
In addition to low prices, the company has gained popularity by aggressively marketing creatively packaged energy drinks. It also focuses on nutritionally enhanced juices and waters for health-conscious consumers.
And, with a strategic focus on distributing its drinks across convenience stores in the U.S., FIZZ currently appears to be bubbling.
Technically, the stock is in a major uptrend and shows no signs of slowing down.
Over the past two years, shares have more than doubled, climbing from around $8 in early September 2010 to their current all-time high near $16.50.
Recently moving above an important resistance level, near $16, FIZZ has just completed a long-term ascending triangle pattern. When ascending triangle patterns are bullishly broken, as is the current case, the trend is typically up.
The measuring principle for a triangle, which is calculated by adding the height of the triangle ($16.50-$7.50=$9) to the breakout level ($16.50), shows shares could reach a target price of $25.50 ($9+$16.50).
At current levels, this represents a whopping 55% gain! However, with no historical resistance in sight, FIZZ could bubble even higher.
From a fundamental perspective, the company also shows good growth potential.
In mid-July, FIZZ reported upbeat fiscal fourth-quarter and full-year 2011 results (for the period ending April 30, 2011).
Achieving the goal of being innovative and creative in the development of beverages, the company posted a modest fourth-quarter sales increase of 1.7% to $152.1 million, from $149.6 million in the comparable year-ago period.
Revenue for the full 2011 fiscal year edged up 1.1% to $600.2 million, from $593.5 the year earlier.
As more and more people get hooked on the company’s energy drinks, analysts predict full-year fiscal year 2012 revenue will increase 2.1% to $613 million.
The earnings outlook is also solid.
Fiscal fourth-quarter earnings increased 20% to 24 cents per share, from 20 cents per share in the same period a year-ago. The gain was driven by increased profit margins.
Full-year fiscal 2011 earnings year, earnings bubbled up 24% to 88 cents per share, from 71 cents per share a year earlier. Analysts expect continued growth into fiscal 2012, with earnings increasing an additional 6%, to 93 cents per share.
Although FIZZ appears somewhat richly valued, the company has a healthy balance sheet, with $7.4 million in cash and no long-term debt. This liquidity (no pun intended) will give the beverage company the financial freedom to continue developing innovative new drinks.
Given that FIZZ shows fundamental and technical strength, I believe the stock could make a good investment for those seeking potential double-digit 55%-plus returns.
As of this writing, Deborah O’Malley did not own a position in any of the stocks named here.


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Half year review: Trade 1H 2023
The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade data such as cargo volumes, cargo mile growth, speeds, and trading routes, this half year review will provide insights into the LPG, Bulker and Crude Tanker markets in 2023 so far.
Demand and Supply
LPG seaborn Trade has seen significant demand growth, outstripping supply in the first 6 months of 2023. Figure 1 shows the YoY percentage change for LPG cargo miles (demand) and live vessels (supply). Demand growth soared in January, reaching over 18%, versus a steady 3% for supply growth. Despite this significant peak in January, LPG cargo mile growth has since followed a downward trajectory into the second quarter of 2023, as the gap closes between demand and supply.
The trend of narrowing supply and demand growth has been especially prominent in the VLGC sector in the second quarter of 2023 (see Figure 2), where the gap closed to just 1.6%.
Supply growth has been rising since February and alongside a high number of deliveries expected in 2023, this could impact VLGC rates into the second half of the year, especially if demand continues to weaken.
VLGC Exports and Trade Routes
Long-haul volumes out of the US continue to be the main driver for VLGC trades and the demand growth seen at the start of the year. As US natural gas output has been increasing over the past 10 years, LPG exports from the country have risen, reaching record highs in the first half of 2023 (see Figure 3.). Volumes leaving the US exceeded 9 million CBM in March 2023, which was a 32% increase compared to the same period in 2022.
US to China remains the most influential trade route, with demand from the Chinese petrochemical sector supporting most imports, followed by imports into other Asian countries such as Japan and South Korea (see Figure 4.). Despite a 20% decline in VLGC US exports since March, volumes are not expected to fall so significantly in the second half of the year, especially with additional European LPG demand due to the Russian war in Ukraine.
Demand and Supply
Demand growth has stayed positive so far in 2023 for the Bulker sector, as cargo miles have grown YoY by an average of 7% since January, compared to a stable 2.9% on the supply side (see Figure 5.).
After some volatility in growth between December 2022 and February 2023, cargo mile growth rebounded between February and March this year as China’s manufacturing and demand for raw materials ramped up, with Capesize iron ore trades driving rates.
Despite demand growth looking strong for the Bulker sector in 2023 YTD, since peaking in April, cargo mile growth has followed a slight downwards trajectory into June. This correlates with more recent reports of China’s economy weakening, as a decline in steel production reduces demand for iron ore. Chinese policies introduced for stabilizing economic growth are likely to help maintain positive demand growth into the second half of the year, but there could be a delayed impact on iron ore and coal flows towards the end of 2023.
Capesize and Panamax Imports
Figure 6 shows imports into China for Capesize and Panamax vessels, two of the main ship types that carry iron ore.
After a volatile first quarter where imports fell by almost 10%, imports picked up again into April, correlating with trends seen in cargo mile growth. From late May, imports have followed a gradual downwards trajectory. Alongside a reduction in Chinese imports from May, Capesize and Panamax average laden speeds fell to 10.96 knots in June 2023, a notable decrease after laden speeds spent the first 5 months of the year rising and recovering from lows recorded in January. A reduction in Chinese import volumes and speeds is suggestive of reduced demand for iron ore, likely due to lower margins in steel production caused by high iron ore prices and hints of Chinese economic fragility.
Capesize and Panamax Trade Routes
Capesize and Panamax sectors have been underpinned by exports from Australia and Brazil. Despite a more recent decline in demand, Australian and Brazilian exports are a combined 8% higher this YTD versus the first 6 months of 2022, reaching 608 million MT and 257 million MT, respectively. Brazilian demand showed the most growth, with Jan-June 2023 cargo miles and volumes both increasing by 6% YoY, an indicator that overall demand this year has been positive for these ship types. As mentioned above, we may see growth weaken into the second half of 2023 if there is a delayed impact on iron ore and coal markets.
Cargo Miles and Speeds
The first half of 2023 has looked positive for demand in the Crude Tanker market, with consumption of oil increasing as resurgence in travel continues, teamed up with a limited tanker orderbook. Sanctions imposed on Russian oil in December 2022 were pivotal as we entered 2023, followed closely by sanctions imposed on Russian petroleum products in February 2023. These sanctions caused global trading routes to change, leading to increased speeds, cargo miles and a tightening of available vessels, all things supporting the Crude Tanker markets in the first half of 2023.
Crude Tanker cargo miles have consistently stayed above levels seen in the third quarter of 2022, see Figure 7.
A temporary decline in global cargo miles happened after Russian crude sanctions were initially imposed in December 2022, where cargo miles fell from around 38 bn-MT NM in December to 34 bn-MT NM in January. However, cargo miles picked up again into April as trading patterns began to evolve and adapt to the newly imposed sanctions. This suggests that despite the sanctions, Russian crude continues to be traded, but trade routes have shifted. More recently in June, cargo miles have followed a downwards trajectory, which could be indicative of a weakening Chinese economy and crude oil demand, especially for larger Tankers, such as VLCCs from US-China. Vessel speed can be used as another demand indicator, as vessels will often speed up in a good market to fulfil demand, especially if there is slower growth in vessel supply. Alongside growth in cargo miles, the first 6 months of 2023 has seen an increase in Crude Tanker speeds vs. the first 6 months of 2022, see Figure 8.
Crude Tanker average speeds increased by nearly 5% between June 2022 and December 2022 and a further 2% increase between January and April. These speed increases correlate with growth in cargo miles, peaking in April. Since April, cargo miles and speeds have decreased, hinting at a reduction in demand in the second quarter of 2023. Increasing environmental regulation (EEXI/CII) could also be prompting this decrease in speeds which we could see continue as rules tighten.
Changing Trade Routes
The sanctions imposed on Russian crude oil have played a significant role in changing global trade patterns and shaping the Tanker markets in the first half of 2023. Some Russian crude exports which used to travel short-haul distances are now forced to travel long-haul distances and some ex-importers of Russian crude are now forced to use further afield export locations.
Comparing Russian Crude Tanker trade flow pairings in the first half of 2022 and 2023 is insightful in showing how the sanctions have had a distinct impact on import destinations changing. See Figure 9 for the top 5 import destinations in 2022 and 2023.
Overall, when comparing the first 6 months of 2022 and 2023, Crude Tanker cargo miles and distances have increased by 85%, which is a significant increase that will be contributing to the tightening of vessel supply in the market. These trends suggest that Russia is exporting similar levels of crude oil but they are exporting it further afield. Looking at specific routes, the top importers by cargo miles remain as India and China, with India’s share of total cargo miles from Russia over doubling YoY from 18% in the first half of 2022 to nearly 40% in the first half of 2023. This correlates with India increasing its production of clean oil products.
Aside from these countries continuing to accept Russian crude, European countries such as Italy, Netherlands and France have disappeared off the top trade pairings, sourcing oil from further afar locations, such as the US. Whilst sanctions are expected to remain for the foreseeable future, supporting some longer hauls, a more recent weakening Chinese economy and extended OPEC cuts could see a continued reduction in crude oil Tanker demand into the second half of 2023.
Signs of strengthening demand were evident across the LPG, Bulker and Crude Tanker sectors in the first half of 2023. LPG demand growth in the first half of 2023 started strongly, especially in the VLGC market, peaking in the first quarter of 2023. However, supply growth is catching up as new vessel deliveries infiltrate the market, increasing capacity on the water which could see rates decrease as the year continues.
The Bulker market, supported by China’s demand for raw materials, has seen positive demand growth overall in 2023 so far, although demand growth and cargo volumes did decline into the second quarter. This sector could see a more pronounced weakening in demand depending on the success of China’s economic stabilisation plans.
Crude Tankers have seen a shift in trading patterns this year, primarily due to sanctions imposed on Russian oil, which mean cargoes are travelling longer distances and reducing available capacity on the water. With sanctions unlikely to disappear anytime soon, it is possible that this longer-haul trend will continue well into the second half of this year and 2024.
All three sectors had a vibrant start to the year which saw increased demand, but towards the end of the second quarter, we saw demand growth stabilise or recede in some areas.
VesselsValue data as of July 2023.
Disclaimer: The purpose of this blog is to provide general information and not to provide advice or guidance in relation to particular circumstances. Readers should not make decisions in reliance on any statement or opinion contained in this blog.
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Back Yard Burgers' new CEO on turning the chain around
Dave McDougall, Back Yard Burger's newly named CEO, said focusing on store-level insights will help turn around the Nashville-based company, which filed for Chapter 11 bankruptcy protection in October.
"It's all about store-level economics," McDougall said in an interview with MBJ affiliate publication Nashville Business Journal. "Consumer insight is a critical aspect of what we are going to be focused on, the voice of the customer, hearing what our customers have to say, our franchise owners and our employees. I'm a firm believer that many of the best ideas come from those that are out there everyday working in the restaurant."
McDougall is replacing James Boyd at the helm of the burger chain that closed 19 company restaurants, including six in Memphis, last year. McDougall joins the 85-unit chain from from FranIntel Inc., an Atlanta-based financial and operations C-level services firm supporting emerging to midsize franchisors, where he served as president for two years.
McDougall said his involvement in brand turnarounds, most recently through NexCen with Global Franchise Group companies Pretzel Maker and Great American Cookies, will help him at the helm of Back Yard Burgers.
When asked why he chose to take over an embattled company, he said he was driven by the challenge and his belief in Back Yard Burgers.
Click here for more of the interview from Nashville Business Journal.
Jamie McGee covers tourism, entertainment and technology.
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Hey there, time traveller!
This article was published 28/3/2020 (491 days ago), so information in it may no longer be current.
Manitoba’s devastated restaurant industry is calling for quick action to allow liquor sales with delivery and takeout, as other provinces have done.
The Manitoba Restaurant and Foodservices Association put out a statement Thursday saying the province had a responsibility to allow alcohol delivery and takeout similar to British Columbia, Alberta and Saskatchewan to Manitoba as "a small ray of hope to a struggling restaurant industry and its employees" as the coronavirus pandemic results in closures and layoffs.
MRFA executive director Shaun Jeffrey told the Free Press that a conversation with Crown Services Minister Jeff Wharton had made it apparent Manitoba would not be following suit but was "working on it," despite having introduced legislation to allow liquor to be sold with licensed takeout and delivery establishments in 2019.
"It’s a little bit troubling, considering we have had tabled legislation in this province for that actual service, so it has some support, because it wouldn’t have passed the first reading if it didn’t have support," he said.
Yesterday, Ontario also announced it would amend regulations to allow bars and restaurants to provide takeout and delivery alcohol, effective immediately.
Jeffrey said the MRFA was "mind-boggled" and "very disappointed" by the slow response from the province, adding Wharton didn’t provide him with a timeline.
"Their feedback to us is that it remains a priority, and that they want it to happen, but there’s a lot of factors... the way that the Liquor Control Act has been written that is not allowing them to be able to proceed with the emergency measure," he said.
Wharton did not respond to a Free Press request for comment Friday.
Passing this legislation could help local restaurants recoup their losses, Little Pizza Heaven operations manager Fabio Haiko-Pena said.
"I think it could be a very good idea to be helping the restaurants — not just us, but in general. There’s so many restaurants where their main income is based on dine-in service," he said.
He said the loss of alcohol has had a noticeable impact on Little Pizza Heaven’s revenue.
"It could help us to increase sales a little bit, to deliver some beers in cans together with pizzas," he said.
Little Bones Wings managing partner Jeff Klause said he has had to lay off staff and take additional safety precautions to keep takeout and delivery options running.
But he said while offering takeout and delivery alcohol might marginally increase sales, he wants the province to look beyond legislation and provide more direct support to restaurants.
"Opening up booze sales for restaurants, I think it’s a great idea, it should be done, but the argument should not be that this is going to save restaurants," he said. "This is not going to save restaurants."
Klause said he would prefer the provincial government to provide sanitization services to remaining establishments.
"We have a huge amount of people being laid off all over the place in the industry, so the ones that are actually staying open, we could use the help from the government; not more regulation, not more things that we should be doing," he said.
"Actual human beings who are helping. Otherwise, just keep out of it."


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App Annie has reported a 35% growth in Japanese mobile game revenues for the year ending June 2017.
This marks a third consecutive year of out-grossing the significantly larger USA market, but what's been powering such a massively successful period for the Japanese mobile games sector?
In truth, as you might expect, it's chiefly a story of a few leading titles; the top 10 grossing games for the year accounted for 40% of all mobile game revenues across Japan.
And among these were some familiar names. Monster Strike still ruled the roost as the top-grossing RPG, while Disney Tsum Tsum continued to dominate in the casual games category.
But one of the more interesting conclusions from App Annie's report was that the genre's grip on the grossing charts is loosening in the face of newer successes in other genres, such as Pokemon GO and White Cat Tennis, both launched in 2016.
An explanation for this could be a stagnation in the RPG market, with the old guard still dominating. Indeed, of the 10 top-grossing Japanese mobile RPGs for the year ending June 2017, one was launched in 2012, three in 2013, three in 2014 and three in 2015.
While RPGs are obviously titles with a longer lifespan than most, especially in Japan where mobile gamers are playing twice as much than those in the US, it's a legitimate concern for the genre's longer-term future that no game in the past two years has managed to break in.
Stick or twist
For instance, take White Cat Project (known in the West as Rune Story). An incredibly successful game for its developer Colopl, it's been in marked decline for the past year.
This is of course natural for a game that's over three years old, and it's impressive that it continues to spike into the top 10. But with things now becoming more sporadic, the game hitting an all-time trough of 78th in the Japanese iPhone grossing charts in June 2017, what's lined up to replace it?
It's the same story for the majority of Japan's top grossing RPGs: still undoubtedly very successful, but their best years are behind them.
This leaves their developers in a tricky situation, perhaps with more to lose than to gain from bringing another RPG to market. And with some of Japan's biggest game companies already represented in the top 10 RPG grossing charts, it's tough for anyone else to break in.
Colopl's approach has instead been to expand its universe in a new genre with the aforementioned White Cat Tennis, which merits special mention in App Annie's report for its “exceptional success”.
It was the second most downloaded and seventh top grossing among all categories other than RPG and casual in the year ending June 2017.
And the game did indeed have a strong first year, spending the majority of 2016 in the top 20 on the Japanese iPhone grossing charts and peaking in second spot. It's not on track to be a White Cat Project-level success, but it's a sure sign that Colopl is looking to more than one genre for its future success.
App Annie also gives special mention to Pokemon GO for bagging the most Japanese downloads in the year ending June 2017, eating into the RPG genre's download share in the process.
However, this does not mean that location-based games are set to dethrone RPGs any time soon. Pokemon GO may have been downloaded heavily, and even briefly topped the Japanese grossing charts, but it's not reached the same heights as it did in the US.
Another game that performed better in download charts than grossing ones is Nintendo's Fire Emblem Heroes, which might have injected some youth into the year's top grossing mobile RPGs if not for the fact it only launched in February 2017.
However, these four months were enough for the game to rank as the third top most downloaded RPG in Japan for the year ending June 2017.
In fact, considering App Annie's highly questionable classification of Super Mario Run as an RPG, it was really second only to Monster Strike - the longevity of which is simply staggering.
But in grossing terms, the outlook for Nintendo's title has been less rosy. Peaking at second but sinking on its worst day to 81st in the Japanese iPhone grossing charts, Fire Emblem Heroes has struggled with the same inconsistency that's also plagued it in the US.
To never leave the top 100 is not to be sniffed at, but the consistency of its competitors is shown by the age of Japan's top-grossing RPGs. If Fire Emblem Heroes cannot hold its position at the top after less than one year, it's unlikely to be doing so in three.
And so it's another year of growth for the Japanese market, but also a year of little change - perhaps surprisingly so given the overall market's growth.
But based on this evidence, the same names could well be continuing to dominate another year from now.
A number of Japanese mobile games companies were named in PocketGamer.Biz's Top 50 Developer list for 2017.


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(WJW)- New job opportunities are coming to Northeast Ohio. Meijer is looking to fill 600 positions for two new stores in Lorain and Brimfield.
The available positions include clerks, cake decorators, customer service, meat cutters, and cashiers.
The stores are expected to open later this spring and will be the latest of five stores the retailer has opened in the Cleveland area since last year.
Starting pay is based on experience level and specific skills.
Meijer employees receive paid parental leave, educational reimbursement, and flexible scheduling.
For more information on the open positions click here: Enter “Lorain” or “Brimfield” in the location search field and click search.


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Photo Credit: JEWEL SAMAD
Sandals Resorts Is Rewarding Caribbean Olympians With Free Luxury Vacations
There’s a lot of intense training and commitment that goes into becoming an elite athlete who makes it to the pinnacle of your sport, and Sandals Resorts realizes that. Now try attaining that level of excellence during a pandemic where preparation was disrupted, some struggled with mental health challenges and feelings of isolation during lockdown, and maintaining conditioning became a sport in itself.
Getting to the postponed Tokyo 2020 Olympic Games was certainly not easy, and now Caribbean athletes will get a chance to decompress in luxury courtesy of Sandals Resorts International.
The all-inclusive collection of exquisite beach resorts is gifting complimentary stays to Caribbean Olympians, in islands where they operate, who represented their countries in the just-concluded Olympic Games in Tokyo. Those who medaled will each receive “one complimentary no-limit on nights’ stay, in the highest room category at any Sandals or Beaches resort across the region complete with luxury BMW transfers from their home, if applicable, to the resort of choice.”
Additionally, all athletes who represented their country in the Olympics in any event will receive a luxury-included four-night vacations at a Sandals Resort on their home soil.
Athletes from St. Vincent will claim their prize at a resort in St. Lucia, since Beaches St. Vincent is not opened as yet.
“It takes a great amount of sacrifice, hard work, dedication and consistency to even make it to the Olympics,” said Stewart. “Our Caribbean athletes have shown admirable grit, tenacity and a fighting spirit, and as a Caribbean brand, entirely committed to the development of the region and showcasing our regional talent, we are beyond proud of every single athlete who went out there to represent their country.”
“I’ve been saying it throughout the games and I will continue to say it, ‘the world’s best deserve the world’s best’ and we cannot wait to roll out our red carpet for all our Olympians when their schedules allow,” he said.
He added that the Games “have been just what we needed to lift our collective spirits. We can never thank our athletes enough for everything they do for their countries, and we cannot express enough what it means to all of us. We are going to make sure they have the best vacation experience of their lives when they redeem their prizes at Sandals Resorts.”


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A NORTH Wales-based paper recycling businesses is looking to expand its operations after negotiating £300,000 funding from Absolute Invoice Finance.
Paperback Collection and Recycling Ltd employs 14 staff from its paper recycling and waste management centre in Deeside and has a turnover of more than £2m.
The business collects waste paper, polythene and plastics from commercial clients in the region, and grades and processes the recycled material before selling it on for reuse.
The business relocated to Deeside two years ago in order to provide an improved service to its clients, which include its neighbour, recycled newsprint producer, United Paper Mills (UPM).
The new funding line from Absolute will boost Paperback’s position as a producer of high-grade recycled paper, enabling it to double its operation over the next five years. Paperback has been trading for 14 years and has developed close relationships with its main clients in the industry, including UPM and Kimberly Clark.
Gordon Anderson, managing director at Paperback, said: “I founded Paperback to provide a niche, environmentally sustainable product to the industry that I had worked alongside for many years in my marketing agency.
“The funding from Absolute’s invoice finance facility means we can invest in industry-leading technology, doubling the business in size in the next five years.”
Adele Berry, regional manager at specialist financier Absolute Invoice Finance, said: “Entrepreneurial and sustainable businesses like Paperback will prove vital to the UK’s efforts to become a world leader in environmentally conscious business models.”


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NEW DELHI: Stable export demand and lower gas prices are expected to keep the operating profitability of ceramic tile makers firm this fiscal despite the impact of the Covid-19 pandemic on domestic demand, according to CRISIL Ratings.
Exports, comprising about 35% of the sector's revenue of Rs 38,900 crore last fiscal, are unlikely to de-grow this fiscal.
Exports to key markets such as the US and the UK, which contribute to about 9% of overall ceramic tile exports, are expected to grow a robust 50% following the anti-dumping duty (ADD) imposed by the US on Chinese tiles earlier this year. Exports to the US spurted about 50% on-year in the first half of this fiscal.
All that, in turn, will help mitigate a decline of about 10% in exports to the Gulf Cooperation Council (GCC) countries, with the imposition of 41% ADD from June this year. The GCC nations contribute about Rs 4,000 crore, or about 30% of the total ceramic tile exports, annually.
These exports are expected to remain stable because of India’s cost competitiveness and the ability to cater to orders with small batch sizes. Thus, ceramic tile exports are seen at Rs 13,500 crore this fiscal, similar to last year, Crisil said.
The domestic market, which accounts for 65% of the sector's revenue, is expected to see a de-growth of about 18% due to the nationwide lockdown in April and May. Demand from institutional real estate, constituting 65% within the domestic market, is expected to decline 35% on-year in the current fiscal, as fresh construction activity has moderated. However, retail demand is expected to grow 15%, mainly from Tier 2 and 3 cities, cushioning the fall to an extent.
Nitin Kansal, director, CRISIL Ratings said “Ceramic tile revenues are likely to de-grow 12% this fiscal, compared with a growth of 4.5% on average in the past five fiscals, with exports limiting the slide in domestic sales. However, despite the revenue contraction, operating profitability of ceramic tile companies will remain ~11% due to lower gas prices.”
Gas prices, which contribute to about 22% of the total cost for tile makers, have fallen 30% to $2.3 per mmBtu in September 2020 from $3.3 per mmBtu during April 2020. Prices are expected to decline further to $1.8 per mmBtu by the fiscal end, supporting the operating profitability of these players.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has declared 4,555 realty projects as "lapsed". In the first phase, MahaRERA will issue notices to developers registered with various developers' bodies, followed by those nearing construction.
The 1.2 million square feet "Ambience Mall" in the posh southern district of India's capital has been put up for auction as its current owner, the Ambience Group, has not paid debt of $149 million to Indiabulls Housing Finance and other creditors, according to a previously unreported public auction notice.


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This month, Shalini Khemka said that the UK had the potential to recreate the successes of Silicon Valley, if the Government eases the immigration rules for UK tech entrepreneurs. Khemka, the founder and CEO of E2Exchange, believes that technology has completely changed the way that SMEs and start-ups conduct business. Silicon Valley is the home of some of the world’s largest technology corporations and thousands of start-up companies. We reported, earlier this month that London’s tech sector is going to create 46,000 jobs in the Capital by 2024, which means the present workforce will rise by over 30% and create an additional £12bn to economic activity.
Shalini Khemka: Technology has Fundamentally Transformed the way that SMEs and Start-ups do Business
Khemka stated the importance of technology in today’s business world:
“Technology has fundamentally transformed the way that SMEs and start-up companies do business and it is encouraging to see that UK entrepreneurs have recognised this shift to digital and are adapting their business models accordingly. Last year the internet economy represented more than 8% of UK GDP and is forecast to grow to 12.4% by 2016, injecting around £225 billion into our economy. This growth is by SMEs and start-ups and it is vitally important that we make our tech companies competitive so we can continue to enjoy the prosperity they bring to the UK.”
One of the biggest challenges that SMEs in the UK face is the lack of talent. This is due to the stringent requirements of the Immigration Rules. Khemka, has encouraged the UK Government to strive for the freedom of movement of people within Europe. 52% of entrepreneurs in Silicon Valley were not born in the United States.
A report published by Centre for Entrepreneurs and business information experts DueDil, showed that migrant entrepreneurs have set up one in seven UK companies, with people born abroad almost twice as likely to start a business in the UK. In addition to this, it seems that companies founded by migrants are responsible for 14% of all jobs.
Entrepreneurial Talent must be Encouraged at a young age
According to a report by the Department for Business, Innovation and Skills, entrepreneurial education in primary and secondary schools need to improve. They believe that young people learning technology skills, such as coding will lead to the UK having the talent to compete in the global technology market. The report found that one in five adults lack digital skills, it stated:
“If we fail to position our SMEs at the forefront of the digital revolution, the UK and UK businesses will be left behind.”
Reuter, estimated that London’s technology sector could grow by 5.1% per year for the next 10 years. This means that there will be an additional £12bn to economic activity and 46,000 new jobs will be created, stating that this will be 30% more than the 155,600 currently employed in the tech sector. According to the Oxford Economics for London promotional organisation London & Partners, the growth in the number of jobs in the tech sector would be helped if there are changes to the current immigration laws.
Successful Tier 1 Entrepreneur & Tier 1 Exceptional Talent Visa Applications & Appeals
Our team of experienced and professionally qualified solicitors and barristers will be able to guide you through the process of making a Tier 1 Entrepreneur visa application step by step and limit the possibility of failure by complying with the strict letter of the law.
We also undertake a great deal of appeal work before the Immigration and Asylum Tribunal and have a successful track record of successful results for our clients. We have the experience and the knowledge required to take your case forward successfully. If you have had a entrepreneur visa refused, contact us to discuss your case so that we can provide you with a case assessment.


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SMCP, the group behind French fashion brands Claudie Pierlot, Maje and Sandro plans to pursue its international expansion, particularly in China, where it will continue to open about 30 shops a year.
SMCP president/CEO Daniel Lalonde says the strategy has not changed after majority owner KKR agreed to sell control to China’s Shandong Ruyi in a €1.3 billion (US$1.4 billion) deal that made the company cancel its application for a Paris flotation.
Shandong Ruyi will own 80 per cent of SMCP while KKR will retain a 10 per cent stake. The balance will be held by founders Evelyne, Ylan Chetrite and Judith Milgrom shared with management.
Meanwhile, SMCP has bucked the global fashion industry’s sluggish sales growth trends with a 9.3 per cent increase in like-for-like revenue in the first half.
Including the impact of foreign exchange and new stores, first-half sales were up 19.2 per cent at €377.2 million globally.
Lalonde says SMCP’s digital strategy is paying off with online sales making up 10 per cent of total revenue, up from 6 per cent last year.


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North Ayrshire Council's proposals to purchase the Rivergate Centre cost £238,000.
The local authority's chief executive revealed that over a quarter of a million pounds was spent considering the financial viability of a purchase of the Irvine mall.
The figure has emerged after the councillors voted against a move to purchase the centre at a secret meeting in December 2017.
Elma Murray, North Ayrshire Council's chief executive, revealed that proposals included an "initial investment fund of around £12m over the first 10 years be created."
The council chief also confirmed that Rivergate bosses approached the local authority about a sale and that the extent of the checks carried out saw divers inspecting concrete in the river under the mall.
Elma Murray, chief executive of North Ayrshire Council, said: “Investment opportunities of this scale and magnitude require a great deal of skill, expertise and experience.
"Council officers in our legal, finance, property investment, regeneration and economic growth teams were heavily involved in preparing the case for purchase.
"In addition, we required significant specialist advice to consider the financial viability and benefits of the proposed purchase.
"Every aspect of the Centre’s construction, its leases, future shopping trends and a number of other variables were examined to ensure this was a sound proposal. Divers even checked the concrete under the river.
“The cost of this was £238,000 and is much less than 1 per cent of the purchase price. When you think about it, this approach is similar to the steps anyone would take when buying a house – albeit on a much bigger scale.”
For more on this story, pick up this week's Irvine Herald - out on Wednesday morning.


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The major equity indexes just managed to squeeze over into positive territory on Thursday. Shares of McDonald’s rose 2.23 percent, their largest single-day percentage gain in more than two months, after Longbow Research upgraded the stock to “buy.”
The financial index was up 0.12 percent, while the Russell 2000 index of small cap stocks rose 0.27 percent. Both are expected to be among the beneficiaries of a tax reduction.
But gains were tempered with equities at record highs and valuations elevated. The forward price-to-earnings ratio (P/E) on the S&P stood at 17.9 compared with its long-term average of 15.1 while the forward P/E on the Russell is 26.3 against an average of 21.3.
Treasury Secretary Steven Mnuchin said Trump’s proposal for a cut in the corporate income tax rate to 20 percent was “not negotiable.” The plan, which called for tax cuts for most Americans, also drew criticism for favoring business and the rich and potentially adding trillions of dollars to the deficit.
A Commerce Department report showed the economy grew a bit faster than previously estimated in the second quarter, but the momentum probably slowed in the third as Hurricanes Harvey and Irma temporarily curbed activity. The storms also pushed up initial claims for state unemployment benefits for the week, the Labor Department said.
The healthcare index led S&P gainers, rising by a third of a percent.
AbbVie was the largest aid to the S&P 500 index, rising 4.97 percent after announcing a global resolution of intellectual property-related litigation with Amgen.
Abbott advanced 2.86 percent after the FDA approved the company’s glucose monitoring device. The company also won antitrust approval to buy Alere on condition that it sell two point-of-care medical testing businesses.
Approximately 5.85 billion shares changed hands on the major domestic equity exchanges, as compared to the 6.26 billion share daily average over the last 20 trading sessions.
GDP Improved a Bit
Gross domestic product expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurricanes Harvey and Irma.
The Commerce Department indicated on Thursday that third estimate showed that GDP increased at a 3.1 percent annual rate during the April-June period. The upward revision from the 3.0 percent rate of growth reported last month reflected a rise in inventory investment.
Economic growth last quarter was the quickest since the first quarter of 2015 and followed a 1.2 percent pace in the January-March period. Economists estimate that Harvey and Irma, which struck Texas and Florida, could cut as much as six-tenths of a percentage point from GDP growth in the third quarter.
Harvey was blamed for much of the decline in retail sales, industrial production, homebuilding and home sales in August. Further weakness is anticipated in September because of Irma.
Rebuilding efforts are, however, expected to increase GDP growth during the fourth quarter and in early 2018. Signs of increasing inventory investment by businesses could soften the storms’ punch to the economy.
In a separate report on Thursday, the Commerce Department said wholesale inventories rose 1.0 percent in August after rising 0.6 percent in July. Inventories at retailers rose 0.7 percent after being unchanged in July. The department also said the goods trade deficit fell 1.4 percent to $62.9 billion in August.
That leaves an upside risk to growth estimates for the July-September quarter, which are below 2.5 percent.
Harvey and Irma continue to impact the labor market and are expected to cut into job growth this month. In a third report, the Labor Department said initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 272,000 for the week ended Sept. 23.
Nonetheless, the labor market remains strong. Claims have now been below the 300,000 level, which is associated with a robust labor market, for 134 straight weeks. That is the longest such stretch since 1970, when the labor market was smaller.
Growth in consumer spending, which makes up more than two-thirds of the U.S. economy, was unrevised at a 3.3 percent rate in the second quarter as an increase in spending on services was offset by a downward revision to durable goods outlays.
Amid robust consumer spending, businesses accumulated a bit more inventory than previously reported to meet the strong demand. Inventory investment added just over one-tenth of a percentage point to GDP growth in the second quarter. It was previously reported to have been neutral.
Growth in business spending on equipment was unchanged at a rate of 8.8 percent, the fastest pace in nearly two years.
Investment on nonresidential structures was revised to show it increasing at a 7.0 percent pace, up from the previously reported 6.2 percent rate. There were minor revisions to government spending, exports and imports.
Investment in homebuilding was weaker than previously reported, with outlays falling at a 7.3 percent rate rather than at a 6.5 percent pace.


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ALBANY, Ga. (WALB) - After a recent exchange went bad, the Albany Police Department (APD) wants people to be cautious about where you meet strangers to buy or sell items.
When buying or selling items online, Albany police want you to be aware and be vigilant during the transaction.
“We want people to know that if they have an opportunity to sell their personal merchandise, to an individual that they are unfamiliar with, that they not do that in an unfamiliar environment or an unfamiliar place,” said Phyllis Banks, the public information officer for APD.
Police want people in the Albany area to know that using apps like LetGo and other social media outlets to exchange or buy items is OK but you should use the APD exchange zone.
“Unfortunately, last night’s incident turned out to be one of those incidents that turned pretty bad for the victim,” said Banks.
According to APD, Thomas Paramore was the victim of an exchange that went wrong.
The incident happened in the 500 block of South Gate Drive. Police said he was attempting to sell a 4-wheeler but was shot in each leg during the exchange.
“I sold a little bit of gameplay or something like that, posted it on the app itself. It’s a free application. You set up a free account, basically, they will ask you, ‘Hey, can you come to me?’ If you can’t go to them what they’ll do is you will agree at a spot to meet up at,” explained Ruben Lugo, who has used apps like LetGo.
Lugo said he always meets at a place where the exchange can be seen.
“Public place, it has to be light out, you don’t want to do it in dark, 'cause sometimes I’ve heard horror stories where sometimes, you will meet up with a person at nighttime and they will have a bunch of people around the corner. They’ll hit you and take all of your stuff,” said Lugo.
Paramore is currently in the hospital getting treated for his wounds.
APD is working on locating two men believed to be responsible.
“Currently, detectives are working to confirm the suspect’s information. They have some great leads, they are just working to confirm those,” Banks explained.
APD has two exchange spaces that can be used for social media transactions.


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Alarm Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker
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The chief in news and recordsdata on cryptocurrency, digital sources and the formula ahead for money, CoinDesk is a media outlet that strives for the top seemingly journalistic requirements and abides by a strict region of editorial policies. CoinDesk is an independent running subsidiary of Digital Currency Neighborhood, which invests in cryptocurrencies and blockchain startups. As piece of their compensation, sure CoinDesk workers, including editorial workers, would possibly per chance well moreover receive exposure to DCG equity within the construct of inventory appreciation rights, which vest over a multi-year duration. CoinDesk journalists are no longer allowed to purchase inventory outright in DCG.


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The notable VIP visitor speakers, Jordan Belfort of ‘The Wolf of Wall Street’ acclaim, and Carmelo Milian, CEO and Co-Founder, Polka City, are booked to be in attendance.
NEW YORK (PRWEB)
March 16, 2022
The worldwide fintech firm, Diamante Blockchain, reports one more media association with the world’s biggest occasion, CryptoWorldCon (CWC) Miami 2022. The excellent occasion is booked to occur on April 1-2, 2022, at the famous scene, James L. Knight Center. It will have the presence of the world’s high-profile people and associations, remarkable industry pioneers, powerhouses, and trailblazers of the crypto and blockchain communities.
The CrytoWorldCon is one of the huge rebound occasions after the COVID-19 flare-up, with north of 15,000 participants taking part from various different backgrounds. The 2-day meeting plans to make a worldwide effect changing over Miami into the focal point of the blockchain and digital money businesses. The CWC is centered to occur around state of the art business patterns with instructive board conversations, VIP visitor speakers, and offers an incredible systems administration opportunity that at last rotates around the blockchain and crypto space. It additionally covers a wide scope of conversations on DeFi, CEFI, DEX, NFT, Metaverse, and other moving mechanical advancements in fintech and different businesses, including the tutoring meetings for the attendees.
The notorious VIP visitor speakers, Jordan Belfort, The Wolf of Wall Street, and Carmelo Milian, CEO and Co-Founder, Polka City, are planned to be in participation. The CWC will have an assortment of new businesses searching for financial backers, vital accomplices, and counselors. The occasion likewise upholds a neighborhood not-for-profit association situated in Southwest Florida, Heroes Unmasked, that attempts to deliver help to every unwell youngster. The CWC will be the game-changing stage that embraces the socio and monetary progressions and likely adaption in the blockchain and digital currency world.
The CWC will likewise have worldwide, elite speakers like Jaime Rogozinski, Priya Guliani. Indira Kempis Martinez, Kristina Lucrezia Cornèr, Lior Lamesh, Shiv Aggarwal, Adam Healy, and so on It will be facilitated by the Award-Winning Master of Ceremonies, Paul Gamache.
The CryptoWorldCon occasion gives practically every one of the uncommon open doors to the blockchain and cryptographic money world. So to find out about the occasion, visit http://www.cryptoworldcon.com.
About Diamante Blockchain:
Diamante Blockchain is a worldwide, decentralized finance stage effectively executing and fostering a cutthroat blockchain-empowered environment for exchange, installments, and financing. The firm is helped to establish by business visionaries Dinesh Patel and Chirag Jetani to make the Diamante biological system truly energizing for the quickly developing tech and advancement. The DeFi items and administrations work with constant worth across the Diamante biological system and immediately empower clients to move assets.
The Diamante Ecosystem consists
(i) Proprietary blockchain network – Diamante Net
(ii) DIAM – The local advanced resource of the Diamante environment
(iii) DeFi installments application – PayCircle
iv) NFT- Metaverse platform
For more data, you can likewise keep in touch with [email protected]
The organization is employing for different jobs in India. To know more, visit https://diamanteblockchain.com/careers/.
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Passenger vehicle sales in China slowed down in March compared to the first two months of the year, mainly due to the stricter regulation imposed by the government on vehicle ownership aimed at controlling increasing pollution and traffic congestion in the country. According to the China Association of Automobile Manufacturers (:CAAM), passenger vehicle (cars, multipurpose and sport- utility vehicles) sales rose 13.3% to 1.59 million units in March compared with a 19.5% increase in Jan–Feb this year.
Passenger vehicle sales grew 17.2% to 4.42 million units in the first quarter of the year, which is higher than 7.1% growth registered in 2012. Thanks to the steep discounts that kept passenger vehicle sales at a higher level in the world’s biggest auto market. Total vehicle (passenger vehicles, buses and trucks) sales grew 13.2% to 5.4 million units in the first three months of the year compared with 4.3% to 19.3 million vehicles in 2012.
Ford Motor Co. (F) and Korea’s Hyundai Motor Co. continued to be the biggest gainers in the month. Ford posted a staggering 65% rise in sales to 81,387 vehicles while Hyundai reported a 26.8% rise in sales to 129,355 units in the month. Considering the first quarter of the year, Ford’s sales went up 54% to 186,000 vehicles while Hyundai’ sales escalated 41.0% to 260,716 units.
General Motors Company (GM) and its Chinese joint venture partners sold 290,538 vehicles in the month, up 12.6% from March 2012. It was the company’s second-highest monthly sales ever recorded in China. In the first quarter of the year, GM’s sales increased 9.6% to 816,373 vehicles, overtaking Volkswagen AG (VLKAY), led by burgwhich is higher than 7.1% growth registered in 2012eoning demand for its Buick lineups. Volkswagen reported a 21% rise in sales to 770,000 vehicles in the same period.
Japanese automakers continued to be the losers due to the political conflict between Beijing and Tokyo over disputed islands in the East China Sea. Sales of Japanese brands, including Toyota Motor Corp. (TM), Nissan Motor Co. (NSANY) and Honda Motor Co. (HMC), fell 17.8% during the month.
Among the Japanese automakers, Nissan posted the steepest 17% fall in sales to 110,000 cars in March. Meanwhile, Toyota and Honda reported a decline of 12.0% and 6.6% in sales to 61,108 and 75,900 units of passenger vehicles, respectively. Considering the first quarter of the year, sales dipped 15.1% for Nissan, 12.7% for Toyota and 5.2% for Honda.
According to the Chinese government, total vehicle sales in China are expected to rise 7.8% to 20.8 million vehicles in 2013 from 19.3 million last year, led by strong demand for passenger vehicles and economic recovery. The CAAM believes SUVs will remain the fastest- growing segment in the year while commercial vehicles will record a moderate gain in sales.
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President Obama has returned from China and reached agreement
with them on carbon dioxide emissions. President appears ready to implement the
Carbon Tax (Cap and Trade). At the
US Canada Energy Summit, Canada representatives talked about their country�s
Carbon Tax, which is $50 per ton on carbon dioxide. If the US EPA
implements a Carbon Tax, there is going to be significant economic impacts on
implementing the US EPA Carbon Tax regulations.
For example, a $50 US EPA Carbon Tax per ton on carbon
dioxide would cost business and consumers $275 billion per year (5.5 billion
tons of carbon dioxide times $50 Carbon Tax per ton on carbon dioxide).
For electricity, the
Carbon Tax would cost $100 billion per year (2 billion tons times $50 tax per
ton). Electrical rates by five cents from 10 to 15 cents per kilowatt-hour.
Utility companies, which
generate electricity from wind, solar, nuclear, hydroelectric & other clean
energy sources would make
billions of dollars by raising their electrical prices by 5 cent.
On coal, oil, biomass and
natural gas, the $50 US EPA Carbon Tax prices would cost business and
consumers $175 billion per year (3.5 billion tons times $50 tax per ton).
Energy speculators will have the
opportunity to make billions of dollars manipulating electrical prices by using
the Smart Grid
to electronically collect and
distribute the Carbon Tax funds.
The $50 Carbon Tax per ton
on carbon dioxide is just the beginning. The electricity will quadruple from
$1 to $4 trillion. The US EPA Carbon Tax is expected to increase over time to over $200
per ton or $1 trillion per year
(5.5 billion tons times $200
tax per ton). Electrical rates would triple from 10
to 40 cents per kilowatt-hour and gasoline from $4 to $12 per gallon.
Since the US EPA Carbon
Tax is being implemented without congressional approval, it isn�t clear how the
federal government will be spending the trillions of dollars.
What is clear, is the US EPA Carbon Tax is going to
have significant detrimental impacts on America�s economy that are similar to what


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Economy & Jobs
Energy & Environment
By Frédéric Simon, Kira Taylor, Nikolaus J. Kurmayer and Valentina Romano | EURACTIV.com
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Indian consumer prices continue to remain “unacceptably and uncomfortably” high after hitting a recent peak in April, said members of the central bank’s monetary policy committee (MPC), w
- Apr. 12th 2022 11:37 am PT
Automakers worldwide will spend more than a half trillion dollars to develop new electric cars and passenger trucks, and also on batt
As used herein, the "Company", Technip Energies Group or Technip Energies refers to Technip Energies N.V. and all the companies included in the scope of consolidation.
The just-passed landmark
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Nuro has introduced its third-generation electric autonomous delivery vehicle. This new vehicle improves on the previous design and is ready to be produced at scale, the company said.
After peering longingly for decades across the Atlantic at innovative European camper vans and small motorhomes, American RVers are finally seeing some of those options land Stateside. Hymer has